Bill Text: IL HB5559 | 2023-2024 | 103rd General Assembly | Engrossed
Bill Title: Amends the Illinois Insurance Code. Provides that upon the determination of a total loss of an insured vehicle, the insurance company shall provide the insured with a brief description of how that determination was made, including any available repair estimate, estimated vehicle salvage value, assessed market value, and other costs and calculations used. Provides that the provisions apply to policies issued or renewed on or after July 1, 2025.
Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: (Enrolled) 2024-05-16 - Passed Both Houses [HB5559 Detail]
Download: Illinois-2023-HB5559-Engrossed.html
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| 1 | AN ACT concerning regulation.
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| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Insurance Code is amended by | ||||||
| 5 | adding Section 154.10 as follows:
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